NORTH Essex’s Conservatives have reacted to Liz Truss’ resignation as Prime Minister.

Ms Truss has stepped down from the position after just under two months in post.

Her resignation comes after weeks of chaos following a disastrous mini-budget which plunged the economy into turmoil.

The financial plans, announced by then Chancellor Kwasi Kwarteng, including £45 million of unfunded tax cuts, caused the value of Sterling to plunge in comparison to the US Dollar.

Following a meeting with Sir Graham Brady, chairman of the 1922 committee, Ms Truss announced her resignation yesterday’ afternoon.

Speaking outside 10 Downing Street, the Prime Minister said: “I recognise I cannot deliver the mandate on which I was elected by the Conservative Party.”

She will remain as Prime Minister until a successor has been chosen.

Harwich and North Essex MP Sir Bernard Jenkin said: “I’m still digesting the implications of this.

“Liz obviously made some terrible mistakes from which she has concluded she cannot recover.

“I very much hope we can decide on a new leader and Prime Minister as quickly as possible.”

Neil Stock, leader of Tory-run Tendring Council, said: “I’m very surprised - I was out of the country for a couple of weeks and when I came back it was all kicking off.

“I didn’t vote for her but I don’t know what she did that was quite so terrible except the crime of not having the support of the Conservative MPs.

“Being Prime Minister is a massive undertaking, particularly with the situation with the economy.

“I have spoken to my Conservative colleagues and they have shared the frustration and disappointment of the country - to put it mildly.

“We are councillors and party members, but we are also residents and are worried about energy bills and the cost-of-living.”

He added the way the party picked its leader is “fundamentally flawed” and that MPs need to have confidence in their leader - rather than allowing the party membership to decide.

He added that Tory candidates have been put in a “terrible” position to fight next year’s local election at a time when Tendring Council’s Conservatives were hoping to gain a majority.

“That’s a bit optimistic now,” he added.